[5] In June 2021, Katerra announced plans to shut down, laying off remaining employees without paying out earned personal time off or severance.

For example, the company would fabricate an entire wall (including windows) off-site for final assembly on site at a construction project.

[7][8] In support of this specialty, Katerra purchased MGA in 2018, the leading architectural firm in the field of tall wood buildings and mass timber construction.

[12] In December 2019, Katerra reported the company plans to lay off approximately 200 of the workforce and close their factory in Phoenix, Arizona.

[14] Softbank's Vision Fund had reportedly invested more than $2 billion in Katerra in total, including a bailout in December 2020.